The following information is available for the property, plant and equipment of Fry as at 30 sep:

	2019	2018
	000	000
Carrying amounts	23,400	14,400

The following items were recorded during the year ended 30 September 2019:

1. I Depreciation charge of 25 million

2. II An item of plant, with a carrying amount of 3 million, was sold for 18 million

3. III A property was revalued upwards by 2 million

4. IV Environmental provisions of 4 million relating to property, plant and equipment were

   capitalised during the year

5. What amount would be shown in Frys statement of cash flows for purchase of property, plant and equipment for the year ended 30 September 2019?

a.7.3 million b.8.5 million c.10.5 million d.125 million

On 1 October 2019, Bertrand issued 10 million x 1 convertible loan notes at par which carry a nominal interest (coupon) rate of 5% per annum. The loan notes are redeemable on 30 September 2022 at par for cash or can be exchanged for equity shares. A similar loan note, without the conversion option, would have required Bertrand to pay an interest rate of 8%.

The present value of 1 receivable at the end of each year, based on discount rates of 5% and 8%, can be taken as:

		5%	8%
end of year	1	0.95	0.93
	2	0.91	0.86
	3	0.86	0.79

How would the convertible loan appear in Bertrands statement of financial position on initial recognition (1 October 2019)?

	Equity000	Non-current liability000
A.	810	9,190
B.	nil	10,000
C.	10,000	nil
D.	40	9,960